OnEMI Technology Solutions Achieves Rs 832.20 Crore Fundraise

OnEMI Technology Solutions, the parent entity of the digital lending service Kissht, has successfully completed a preferential issue amounting to Rs 832.20 crore. This was achieved by allotting equity shares to 34 investors, comprising 24 new entrants and 10 current shareholders. Based in Mumbai, the firm issued 2,64,93,882 equity shares at a price of Rs 314.11 each. The board of directors approved this allotment on October 23, and trading approval for the new shares was granted by BSE and NSE on November 8.

As a result of this allotment, OnEMI’s paid-up share capital has risen from Rs 17.81 crore to Rs 20.46 crore, with the newly allocated shares representing approximately 13% of its increased equity capital. Among the 34 investors, 10 existing ones, including schemes from Alchemy, First Bridge, Groww, and HDFC, have opted to bolster their investments in the company. The 24 new investors feature entities such as Axis Mutual Fund schemes, Ashoka WhiteOak funds, 360 ONE, Bandhan Small Cap Fund, Citigroup Global Markets Hong Kong, Unity Small Finance Bank, and the Massachusetts Institute of Technology.

Ranvir Singh, the founder and CEO of Kissht, stated that this new influx of capital will empower the company’s balance sheet while reinforcing its commitment to disciplined growth, careful underwriting, and equitable treatment of its customers. This development follows closely on the heels of Kissht surpassing Rs 10,000 crore in assets under management (AUM).

In the quarter that ended in September 2026 (Q2 FY27), Kissht disbursed Rs 4,612 crore in loans and recorded a net profit of Rs 125.12 crore, up from Rs 62.4 crore during the same quarter last year. The company’s AUM has also surged by 68.4% year on year.

Established in 2016, Kissht provides personal loans and loans against property through its NBFC subsidiary, Si Creva Capital Services. The company made its entry into the stock market on May 8, 2026.